Robert Bell

An update on the CCA reforms, consumer credit act reforms

FCA and ICO regulatory update

Deferred Payment Credit (DPC), or Buy Now Pay Later (BNPL) as it’s more commonly known, will fall under Financial Conduct Authority (FCA) regulation from 15 July 2026 . From ‘regulation day’, DPC lenders will need to either be authorised or have a temporary permission, and must comply with the FCA’s suite of rules, guidance and principles. Final rules  have now been published. Agreements will be regulated where: The lender and the supplier of goods or services are not the same authorised firm...